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Forex dealers said a higher opening in the domestic equity market also supported the rupee.

The BSE barometer, which shed 875.41 points in the past five sessions, edged up by just 15.60 points, or 0.08 per cent to 20,513.85.

Dollar is at one-week high against a basket of major currencies. The euro slips to 1.35 levels.

Selling due to expiry of monthly equity derivatives amid a weak global trend also affected the sentiment, traders said.

At the Interbank Foreign Exchange (Forex) market, the rupee commenced lower at 62.90 a dollar from Wednesday's close of 62.41.

The RBI, however, has said that old notes will continue to be legal and can be exchanged in any bank after April 1.

Ahead of the RBI's monetary policy review, Economic Affairs Secretary Arvind Mayaram has pitched for shifting the policy focus to growth as interest rates do not have a bearing on food inflation.

The Department of Industrial Policy and Promotion plans to release the next edition of its consolidated FDI policy document on March 31, incorporating changes made over the past year.

Japan's debt-fueled growth in the 1980s set the stage for 20 years of stagnation.

The Ministry of Home Affairs is likely to give clearance to Vodafone's Rs 10,141 crore foreign investment proposal to buy out minority shareholders in its Indian arm.

The rupee had shed 8 paise to close at 62.09 against the dollar in Wednesday's trade.

Reserve Bank Governor Raghuram Rajan on Wednesday said the central bank is contented with reduction in the volatility of the rupee. "We are happy with the reduction in volatility and that was our aim right through. We also wanted to reduce the unhinged ex...

The apex bank kept repo rate unchanged at 7.75 per cent and Cash Reserve Ratio at 4 per cent.

Global rating agency Fitch on Tuesday expressed fear that the defeat of Congress in four of the five state Assembly elections could lead to higher fiscal deficit target as the government would be constrained to curb expenditure.

The ED had in 2011 moved the Supreme Court accusing Roy and two journalists of intimidating its officers investigating the 2G scam.

Sensex finally closed down 43.09 points, or 0.21 per cent, at 20,854.92.